ALLIANCEBERNSTEIN INCOME FUND INC. NEW YORK, Sept. 28, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of August 31, 2015.
AB Income Fund, Inc.
Top 10 Fixed Income Holdings Portfolio %
1) U.S. Treasury Bonds 6.375%, 8/15/27 20.70%
2) U.S. Treasury Bonds 6.25%, 5/15/30 20.45%
3) U.S. Treasury Notes 3.625%, 2/15/21 18.16%
4) U.S. Treasury Bonds 6.50%, 11/15/26 14.52%
5) U.S. Treasury Notes 2.125%, 8/31/20 8.61%
6) U.S. Treasury Notes 3.125%, 5/15/21 5.71%
7) U.S. Treasury Bonds 3.125%, 8/15/44 4.42%
8) U.S. Treasury Bonds 8.75%, 8/15/20 2.97%
9) Residual Funding Corp. Principal Strip
Zero Coupon, 7/15/20 2.14%
10) U.S. Treasury Bonds 8.00%, 11/15/21 2.06%
Investment Type Portfolio %
Global Governments 104.75%
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical 2.04%
Energy 2.02%
Communications - Media 1.77%
Communications - Telecommunications 0.81%
Basic 0.78%
Capital Goods 0.67%
Consumer Cyclical - Retailers 0.63%
Consumer Cyclical - Other 0.46%
Consumer Cyclical - Automotive 0.36%
Technology 0.36%
Transportation - Services 0.36%
Other Industrial 0.21%
Services 0.21%
Consumer Cyclical - Entertainment 0.09%
SUBTOTAL 10.77%
Credit Default Swaps 2.08%
SUBTOTAL 2.08%
Financial Institutions
Banking 1.07%
Other Finance 0.12%
Finance 0.09%
REITS 0.06%
SUBTOTAL 1.34%
Utility
Electric 0.79%
SUBTOTAL 0.79%
SUBTOTAL 14.98%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate 3.19%
Non-Agency Fixed Rate 1.70%
Non-Agency Floating Rate 0.65%
Agency Fixed Rate 0.17%
SUBTOTAL 5.71%
Corporates - Investment Grade
Industrial
Communications - Telecommunications 0.74%
Basic 0.68%
Energy 0.43%
Capital Goods 0.32%
Consumer Non-Cyclical 0.32%
Consumer Cyclical - Retailers 0.14%
Transportation - Airlines 0.08%
SUBTOTAL 2.71%
Financial Institutions
Insurance 1.44%
Banking 0.52%
SUBTOTAL 1.96%
Utility
Electric 0.20%
SUBTOTAL 0.20%
Credit Default Swaps 0.08%
SUBTOTAL 0.08%
SUBTOTAL 4.95%
Agencies
Agency Debentures 3.96%
SUBTOTAL 3.96%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.08%
Non-Agency Floating Rate CMBS 0.23%
Credit Default Swaps 0.22%
SUBTOTAL 3.53%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.50%
Capital Goods 0.38%
Basic 0.28%
Communications - Telecommunications 0.21%
Transportation - Airlines 0.16%
Consumer Cyclical - Retailers 0.14%
SUBTOTAL 1.67%
SUBTOTAL 1.67%
Whole Loan Trusts
Performing Asset 1.35%
SUBTOTAL 1.35%
Common Stocks 1.20%
Quasi-Sovereigns
Quasi-Sovereign Bonds 1.12%
SUBTOTAL 1.12%
Emerging Markets - Sovereigns 0.92%
Local Governments - Municipal Bonds 0.87%
Preferred Stocks
Financial Institutions 0.50%
Industrial 0.20%
SUBTOTAL 0.70%
Bank Loans
Industrial
Consumer Non-Cyclical 0.14%
Basic 0.12%
Energy 0.10%
Communications - Media 0.08%
Other Industrial 0.05%
Technology 0.01%
SUBTOTAL 0.50%
SUBTOTAL 0.50%
Governments - Sovereign Agencies 0.49%
Currency Instruments
Forward Currency Exchange Contracts 0.30%
SUBTOTAL 0.30%
Investment Companies
Funds and Investment Trusts 0.16%
SUBTOTAL 0.16%
Asset-Backed Securities
Autos - Fixed Rate 0.12%
SUBTOTAL 0.12%
Options Purchased - Calls
Swaptions 0.01%
SUBTOTAL 0.01%
Put Options Written -0.01%
Interest Rate Swaps - SIFMA -38.96%
Interest Rate Futures -46.22%
Reverse Repurchase Agreements -51.96%
Net Cash Equivalents
Investment Companies 4.26%
Cash 1.48%
Foreign Currency -0.01%
SUBTOTAL 5.73%
Derivative Offsets
Futures Offsets 46.61%
Swaps Offsets 37.52%
SUBTOTAL 84.13%
100.00%
Country Breakdown Portfolio %
United States 90.82%
Brazil 2.37%
Mexico 1.09%
Canada 0.93%
Bermuda 0.75%
United Kingdom 0.42%
Luxembourg 0.41%
France 0.31%
Switzerland 0.30%
Indonesia 0.29%
Germany 0.26%
India 0.26%
Spain 0.23%
El Salvador 0.22%
Barbados 0.15%
Jamaica 0.14%
Dominican Republic 0.12%
Venezuela 0.12%
Italy 0.11%
Netherlands 0.10%
Ivory Coast 0.09%
South Africa 0.08%
Guatemala 0.08%
Pakistan 0.07%
Belgium 0.07%
Sri Lanka 0.05%
Zambia 0.05%
Morocco 0.04%
Australia 0.03%
Sweden 0.02%
Norway 0.01%
Peru 0.01%
Total Investments 100.00%
Net Currency Exposure Breakdown Portfolio %
United States Dollar 105.81%
Swedish Krona 1.05%
Indonesian Rupiah 1.02%
Japanese Yen 1.01%
Mexican Peso 0.01%
New Zealand Dollar 0.01%
Malaysian Ringgit 0.01%
Norwegian Krone -0.03%
Brazilian Real -0.03%
Great British Pound -0.03%
Taiwan New Dollar -0.48%
South Korean Won -1.02%
Singapore Dollar -2.00%
Australian Dollar -2.41%
Euro -2.92%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 56.56%
A 1.38%
BBB 10.63%
BB 7.14%
B 7.39%
CCC 2.88%
CC 0.34%
D 0.38%
Not Rated 4.81%
Short Term Investments 4.26%
N/A 4.23%
100.00%
Bonds By Maturity Portfolio %
Less than 1 year -43.37%
1 to 5 years 20.18%
5 to 10 years 53.11%
10 to 20 years 60.57%
20 to 30 years 7.35%
More than 30 years 0.96%
Other 1.20%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.41%
Average Bond Price : 119.33
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 37.84%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 37.84%
Average Maturity: 14.28 Years
Effective Duration: 4.57 Years
Total Net Assets: $1,787.78 Million
Net Asset Value: $8.25
Number of Holdings: 458
Portfolio Turnover: 32%
* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.
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SOURCE AB Income Fund, Inc.
